Super Micro: Confident in Meeting SEC Deadline and Aiming for $40 Billion in Next Fiscal Year

Super Micro Computer, Inc. (SMCI), a leading provider of application-optimized server and storage solutions, has expressed confidence in its ability to meet the upcoming Securities and Exchange Commission (SEC) deadline and achieve $40 billion in revenue in the next fiscal year. The company's CEO, Charles Liang, recently stated, "We are confident that we will be able to file our delayed annual report by the U.S. Securities and Exchange Commission's February 25 deadline."

Super Micro's optimism is driven by several key factors, including its leading direct-liquid cooling (DLC) technology, which is expected to be adopted by over 30% of new data centers in the next 12 months. Additionally, the company's strong position in AI infrastructure designs, based on NVIDIA's Blackwell platform and other emerging technologies, is expected to contribute to its growth. Super Micro's expansion as a premier US-based data center infrastructure solution provider, combined with its broad family of systems built from flexible and reusable building blocks, further enhances its competitive edge.



The company's commitment to reducing environmental impact through Green Computing initiatives also aligns with its long-term strategy of providing sustainable and responsible IT solutions. This focus on sustainability can help Super Micro attract environmentally conscious customers and maintain a competitive edge in the market.

Super Micro's appointment of BDO USA as its independent auditor is a significant step towards restoring investor confidence and achieving its financial goals. The company's compliance plan, submitted to Nasdaq, indicates that it believes it will be able to file both its Annual Report on Form 10-K for the fiscal year ended June 30, 2024, and its Quarterly Report on 10-Q for the fiscal quarter ended September 30, 2024, and become current with its periodic filings within the discretionary period available to the Nasdaq staff to grant.

In conclusion, Super Micro's confidence in meeting the SEC deadline and achieving $40 billion in revenue in the next fiscal year is supported by its leading technology, strong market position, and commitment to sustainability. The company's appointment of BDO USA as its independent auditor and its compliance plan further demonstrate its dedication to addressing its delayed filings and regaining compliance with listing requirements. As an investor, it is essential to stay informed about the company's progress and consider its long-term growth potential.